A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP) shuttle tankers are a flexible and cost effective way of lifting and transporting oil from offshore fields
Northern Lights joint venture has taken delivery of its fourth dedicated liquefied CO2 (LCO2) carrier, completing the vessel fleet required for the first phase of its carbon capture and storage (CCS) transport and storage operations.The Northern Purpose has arrived in Norway following delivery from Dalian Shipbuilding Offshore Company (DSOC), joining sister vessels Northern Pioneer
MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo Heavy Industries Marine & Engineering's Yokosuka shipyard in Japan, has departed for China
A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments, including gas carriers, LNG carriers, container ships, crude, product and chemical tankers, and dry bulk carriers.
Australian mining company Fortescue has signed an agreement with Belgian shipping and cleantech group CMB.TECH to charter up to 12 ammonia-capable bulk carriers, stepping up efforts to decarbonize maritime transport and support the development of green ammonia as a marine fuel.Under the agreement, Fortescue will charter 12 Newcastlemax dry bulk vessels, each with a carrying capacity of 210
The “Badan Riset dan Inovasi Nasional” (BRIN), Indonesia’s national agency for research and innovation, has commissioned the French shipbuilder PIRIOU to design and build two research vessels:a multimission offshore hydro-oceanographic vessel (ORV – Ocean Going Research Vessel) and a coastal research vessel (CRV – Coastal Research Vessel).
Firmus and SUBCO announced a landmark agreement to build a new submarine fiber optic cable connecting Tasmania to mainland Australia, significantly expanding the state's digital capacity and supporting the next generation of AI infrastructure. The new cable, to be named Bernacchi-1 in honor of pioneering Tasmanian-raised scientist and Antarctic explorer Louis Bernacchi
MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly owned subsidiary of ExxonMobil.Constructed by Hanwha Ocean Co., Ltd.
President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels.The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint venture between France's ENGIE and Portugal's EDP Renewables.
Vard, the Norwegian subsidiary of the Fincantieri Group, has signed a new contract with existing customer Ocean Infinity for the design and construction of four Multi-Purpose Robotic Vessels (MPVs).The contract, whose value exceeds $230 million (€200 million), also includes a comprehensive scope of supply from Vard Electro, which will deliver the full suite of SeaQ systems for remote operations.
Hanwha Ocean has delivered the Wind Mover wind turbine installation vessel (WTIV) to offshore wind contractor Cadeler, completing the second vessel in the company’s M-class series about one month ahead of schedule.The vessel was formally signed over on November 28 and sailed away on December 2, following a naming ceremony at Hanwha Ocean’s shipyard in Korea.
Four men, including the chief officer of an international livestock carrier, have been charged over their alleged roles in an organised crime plot to import more than 525kg of cocaine into Australia, after packages of the drug were found floating in the ocean off Western Australia.